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David Bardey, Denis Gromb, David Martimort, and Jérôme Pouyet
vol. 68, n. 3, September 2020, pp. 409–444
A monopoly seller advising buyers about which of two goods fits their needs may be tempted to recommend the higher margin good. For the seller to collect information about a buyer’s needs and provide truthful advice, the profits from selling both goods must be similar enough, i.e., within an...
Boris Babic, Daniel L. Chen, Theodoros Evgeniou, and Anne-Laure Fayard
August 2020
Maxime Derex, and Robert Boyd
vol. 43, August 2020
Christian Gollier
vol. 76, August 2020, pp. 671–683
Assuming that there is no other solution than herd immunity in front of the current pandemic, on which groups of citizens should we build this herd immunity? Given the fact that young people face a mortality rate which is at least a thousand times smaller than people aged 70 years and more, there...
Jérôme Renault, and Bruno Ziliotto
vol. 45, n. 3, August 2020, pp. 889–895
Farid Gasmi, Laura Recuero Virto, and Denis Couvet
vol. 77, n. 2, August 2020, pp. 271–333
In a dataset on 83 countries covering the years 1960–2009, we find a negative indirect effect of the share of renewable natural capital in wealth on economic growth transmitted through demographic factors, more specifically, population fertility. In contrast, in countries with lower income...
Bence Bago, David Rand, and Gordon Pennycook
vol. 149, n. 8, August 2020, p. 1608–1613
What role does deliberation play in susceptibility to political misinformation and “fake news”? The Motivated System 2 Reasoning (MS2R) account posits that deliberation causes people to fall for fake news, because reasoning facilitates identity-protective cognition and is therefore used to...
Andrea Attar, Thomas Mariotti, and François Salanié
vol. 130, n. 630, August 2020, pp. 1608–1622
We study resource allocation under private information when the planner cannot prevent bilateral side trading between consumers and firms. Adverse selection and side trading severely restrict feasible trades: each marginal quantity must be fairly priced given the consumer types who purchase it. The...
vol. 45, August 2020, pp. 80–93
Most integrated models of the covid pandemic have been developed under the assumption that the policy-sensitive reproduction number is certain. The decision to exit from the lockdown has been made in most countries without knowing the reproduction number that would prevail after the deconfinement....
vol. 98, n. 4, August 2020, pp. 56–65
In a 2018 Workforce Institute survey of 3,000 managers across eight industrialized nations, the majority of respondents described artificial intelligence as a valuable productivity tool. But respondents to that survey also expressed fears that AI would take their jobs. They are not alone. The...
